Characteristics of Successful Entrepreneurs Recall personal characteristics and skills needed for a successful entrepreneur.

What is an entrepreneur? An individual who undertakes the risk associated with creating, organizing, and owning a business.

What makes up a good entrepreneur? Characteristics: Persistent Creative Responsible Inquisitive Goal-Oriented Independent Self-confident Risk taker Skills: Communication Skills Human Relation Skills Math Skills Problem-Solving and Decision-Making Skills Technical Skills Basic Business Skills

Personal characteristics of successful entrepreneurs Persistent Entrepreneurs work until a job is done. They are determined to overcome problems and to pursue their goals in order to make their business successful.

Personal characteristics of successful entrepreneurs Creative Entrepreneurs are constantly looking for new ways to solve problems

Personal characteristics of successful entrepreneurs Responsible An entrepreneur is accountable for his/her actions and does what is required

Personal characteristics of successful entrepreneurs Inquisitive Entrepreneurs are curious about things that may affect their business. They are not afraid to ask questions or to conduct research in order to solve problems.

Personal characteristics of successful entrepreneurs Goal-oriented Entrepreneurs develop a plan of action and must make decisions to help achieve that plan

Personal characteristics of successful entrepreneurs Independent Entrepreneurs want to make their own decisions. They set their own schedules and are able to work without supervision

Personal characteristics of successful entrepreneurs Self-confident Entrepreneurs believe in themselves

Personal characteristics of successful entrepreneurs Risk taker Entrepreneurs look for challenging opportunities. They are not afraid to take risks

Skills needed by successful entrepreneurs Communication skills Entrepreneurs need effective communication skills in order to gather the information necessary to organize and run their business. Entrepreneurs must develop writing, speaking, and listening skills

Skills needed by successful entrepreneurs Human relations skills It is essential that entrepreneurs be able to get along with others and enjoy meeting and talking to people

Skills needed by successful entrepreneurs Math skills Basic arithmetic and knowledge of basic record keeping are needed for the entrepreneur to make purchase decisions, calculate profit, and complete financial statements

Skills needed by successful entrepreneurs Problem-solving and Decision-making skills Entrepreneurs must make decisions and solve problems every day

Skills needed by successful entrepreneurs Technical skills Computer skills are essential in almost every business

Skills needed by successful entrepreneurs Basic business skills Entrepreneurs must have a basic understanding of how the economy works and of the fundamental concepts of finance, marketing, and management in order to help ensure the success of their business